02-24-2014, 03:45 PM
Hey guys,
Thanks for the wise words.
I will keep a written plan, this is something that is definitely needed to keep track towards a goal. I've got a copy of intelligent investor, Buffet said chapters 8 & 20 were the bedrock of his investing. Tempted to read those first.
I've got 6 months of emergency funds, probably more, I'm still under the parent's roof.
I have decided on contributing 40% of my monthly wage to a mortgage savings account. A further 40% on DG stocks. The final 20% on everything else a young 20 something does. going out etc.
I have opened/added to my initial positions today, my broker has no fees on international equities for a small period of time so I took advantage of this -
ARCP - 116 @ $14.28
ARCP (bought last month) - 24 @ $14.01
MCD - 23 @ $37.6
KO - 8 @ $97.63
Reason for the weighting towards ARCP is purely because of its newly established market cap. It is now bigger than 'O' Realty Income, and they've been paying dividends for over 25 years etc.
Thoughts?
Thanks for the wise words.
I will keep a written plan, this is something that is definitely needed to keep track towards a goal. I've got a copy of intelligent investor, Buffet said chapters 8 & 20 were the bedrock of his investing. Tempted to read those first.
I've got 6 months of emergency funds, probably more, I'm still under the parent's roof.
I have decided on contributing 40% of my monthly wage to a mortgage savings account. A further 40% on DG stocks. The final 20% on everything else a young 20 something does. going out etc.
I have opened/added to my initial positions today, my broker has no fees on international equities for a small period of time so I took advantage of this -
ARCP - 116 @ $14.28
ARCP (bought last month) - 24 @ $14.01
MCD - 23 @ $37.6
KO - 8 @ $97.63
Reason for the weighting towards ARCP is purely because of its newly established market cap. It is now bigger than 'O' Realty Income, and they've been paying dividends for over 25 years etc.
Thoughts?